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An embargo on Russian oil would trigger a recession in Europe and investors are underpricing disruptions to energy supplies, Barclays says

"Any restrictions of flows would put further pressure on energy prices and could even result in rat…

Carla Mozée   


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3 mins read

Experts say the shipping industry's 'moral sanctions' against Russian trade are unlike anything 'in the history of mankind'

In the notoriously ruthless shipping and commodities industries, companies are avoiding all busines…

Hannah Towey   


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Cut Russian oil revenues instead of restricting exports, top energy trader Pierre Andurand says

"The ideal goal would be to lower Russian revenues while minimizing the impact on oil flows," oil t…

Hamza Fareed Malik   


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Europe faces an emergency this winter as the continent sees further cutoff of Russian gas, RBC's commodities chief says

European nations are discussing rationing as they prepare for a cutoff of Russian gas, RBC's commod…

Jennifer Sor   


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Matthew Fox   


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Gas prices just hit a record high. Here's what Biden's ban on Russian oil means for prices at the pump.

"The high prices are likely to stick around for not days or weeks, like they did in 2008, but month…

Ben Winck   


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Commodities from coal to nickel soar as traders shun Russia exports ahead of possible supply disruptions

Russia's war in Ukraine sent commodity prices soaring as traders ditched Russian exports as sanctio…

Hamza Fareed Malik   


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Russian gas giant Gazprom's shares slumped 30% after it nixed dividends for the first time since 1998

Gazprom's board had earlier recommended a record dividend payout after the company reported record …

Huileng Tan   


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1 min read

The EU has a Russian gold ban in its sights as it hammers out its next round of sanctions: report

Russia is the world's second-largest gold miner, with $15.5 billion in annual exports, and the goal…

George Glover   


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Oil rises, with WTI topping $110, as supply pressures build and G7 moves ahead on Russian price cap

Investors are switching focus from demand worries to supply constraints as top OPEC producers pump …

Zahra Tayeb   


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Cheap Russian oil is heading to China and India amid sweeping sanctions

Russia is the world's third-largest oil producer, but demand for the country's products have fallen…

Huileng Tan   


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1 min read

Russian gold exports to Switzerland point to a stealth buyer as the country's top refiners say they didn't import any

Metal shipments frequently flow through the Switzerland's free-trade zones on their way to other de…

Phil Rosen   


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1 min read

Russian ruble should be required as payment for more commodities, says top lawmaker

The Russian State Duma chairman said the country should demand rubles for additional commodities li…

Phil Rosen   


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Exxon is backing a natural gas mega-project in Qatar as global energy supplies buckle under pressures stemming from Russian's war on Ukraine

Qatar is working to expand its North Field East project to boost its annual LNG capacity to 110 mil…

Carla Mozée   


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Oil adds to gains as US prepares to ban Russian energy imports, while European natural gas prices trade just below record highs

Oil rallied towards $130 a barrel, as the US prepared to ban all imports of Russian crude, natural …

Hamza Fareed Malik   


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1 min read

Oil could jump to $185 a barrel if the EU agrees to an immediate ban of Russian crude exports, says JPMorgan

"In a slower phase-out, Russia would have more time to adjust its oil flows toward friendlier buyer…

Carla Mozée   


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3 mins read

Brent crude rallies to top $100 after an IEA warning about a Russian supply shortfall

Oil prices rose to top $100 a barrel Thursday after the IEA warned a coming fall in Russian supply …

Karen Friar   


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1 min read

Small oil traders are now making $20 million from a single shipment of Russian crude - 33 times more than before the war

Smaller oil traders are making $20 million for each cargo load of Russian crude, and they're not ev…

George Glover   


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Expect as much as 2 million barrels a day of Russian crude to vanish from the market in May as sanctions kick in, BP boss says

Existing sanctions will probably eliminate another 1 million barrels a day, BP's CEO has said, as t…

Karen Friar   


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China is buying Russian energy with its own currency, marking the first commodities paid for in yuan since Western sanctions hit Moscow

It's the latest drift away from the dollar as Saudi Arabia and China mull a yuan-based oil deal, wh…

Phil Rosen